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WASHINGTON (June 16, 2014) - The National Association of Realtors &reg; today published information for NAR members regarding advertising properties as &quot;coming soon.&quot; Some &quot;coming soon&quot; advertisements involve unlisted properties which may or will be listed with a broker in the near future, while others relate to properties that are subject to listing agreements where property is available to potential purchasers only through the listing broker and not... Read More

Ocwen to Pay $3.7 Million to Massachusetts Over Failure to Provide Notices to Homeowners, Unlawful Foreclosures&lt;br/&gt;http://www.mass.gov/ago/news-and-updates/press-releases/2014/2014-06-16-ocwen-aod.html

JPMorgan Blamed for &#39;Zombie&#39; Properties in Miami Lawsuit Bloomberg JPMorgan Chase &amp; Co. (JPM) engaged in a "pattern of discriminatory" lending that led to foreclosures, the city of Miami said in a lawsuit filed last week in federal court, the latest in a series of similar claims filed against the nation&#39;s largest banks. Last month&nbsp;... and more&nbsp;&raquo;

Marc Patterson On June 12, the CFPB announced that it has issued a Consent Order under which a New Jersey title services company, Stonebridge Title Services Inc., agreed to pay a $30,000 civil money penalty for paying illegal kickbacks for referrals in violation of RESPA Section 8. According to the CFPB&#8217;s press release, Stonebridge paid commissions to... More &#62;

There is a clear seasonal pattern for inventory, with the low point for inventory in late December or early January, and then usually peaking in mid-to-late summer. The Realtor (NAR) data is monthly and released with a lag (the most recent data was for April). However Ben at Housing Tracker (Department of Numbers) has provided me some weekly inventory data for the last several years.

Mention affordable housing and too often it conjures up the thought of failed housing programs from the '50s and '60s. Not only does this fly in the face of reality of what's happening in our cities today but it does a disservice to the residents of recently built affordable homes. Simply stated, affordable housing means bringing income diversity to neighborhoods, rather than isolating communities from one another. Traditionally, affordable housing was something that was only built in certain areas -- typically less desirable -- of most cities. However, it's important that all residents, including working families, enjoy the opportunity to live throughout city neighborhoods. Let's remember, cities across the country have reversed decades of population decline and are now growing. Once places people couldn't wait to leave, cities are now where more and more people want to live, work, and play. This isn't an accident. The high-rise apartments and closely located brownstones that represent many American cities are now recognized as integral to community living. What's more, long drives from remote suburbs to offices in cities have taken a toll on commuters. Urban dwellers are finding there is a correlation between shorter commutes and happiness, and this realization is helping to make cities across the United States a focus for growth. Populations in cities have reversed decades of loss by growing in the last 10 years. Coming out of the Great Recession, the number of urban residents has rapidly increased. And these residents are likely to have a better of quality of life. In fact, a recent book by Charles Montgomery, Happy City: Transforming Our Lives Through Urban Design , argues the way cities are built powerfully influences moods and behavior and, done correctly, will lead to happier lives. And in rebuilding our cities, they must be not just for the wealthy but for working families as well. This new urbanism must be inclusive. That's...

The House Financial Services Oversight and Investigations Subcommittee voted today to authorize subpoenas for two more whistleblowers who have come forward alleging discrimination and retaliation at the CFPB. The whistleblowers -- CFPB Examiner Ali Naraghi and former Bureau employee Kevin Williams - asked to be subpoenaed in order to protect their interests and guard against further retaliation by the Bureau The latest round of subpoenas is part of the Subcommittee's ongoing investigation into what a previous CFPB whistleblower testified is "a pervasive culture of retaliation and intimidation that silences employees and chills the workforce from exposing wrongdoing." "When allegations of discrimination at the CFPB were first uncovered, my subcommittee committed to investigating these claims and providing all affected Bureau employees a forum to share their stories of mistreatment by agency leaders," said Oversight and Investigations Subcommittee Chairman Patrick McHenry (R-NC). "We are continuing these important efforts by subpoenaing two more employees who have experienced both discrimination and retaliation while at the Bureau. This behavior has no place in our government and my subcommittee will not rest until we have exposed those CFPB leaders responsible," McHenry added. The Subcommittee has already held two hearings on employee allegations, which were first chronicled in a March 6 article in the American Banker. At the Subcommittee's April 2 hearing, CFPB attorney and whistleblower Angela Martin testified about the Bureau's "pervasive culture of retaliation and intimidation," saying she and her colleagues "have suffered and are suffering at the hands of inexperienced, unaccountable managers." At that same hearing, the Subcommittee heard testimony from Misty Raucci, an outside investigator hired by the CFPB to examine Martin's claims. Raucci's investigation concluded that Martin's claims of...

NEW YORK (Reuters) - JPMorgan Chase & Co has been sued by the city of Miami, accusing the bank of predatory mortgage lending in minority neighborhoods that allegedly caused a wave of foreclosures during the last decade's housing crisis.

What will the cognoscenti be looking for Wednesday for when Federal Reserve officials release the results of their latest policy meeting and their updated economic forecasts &ndash; and Janet Yellen holds her second press conference as Fed chair? No big change in policy is likely. The Fed probably will continue to pare the size of its monthly bond-buying by $10 billion and vow to keep interest rates low as long as the labor market is weak and inflation is below its target. You can see the data on inflation and unemployment at which the Fed is looking on the Hutchins Center&rsquo;s new &ldquo; Janet Yellen&rsquo;s Dashboard .&rdquo; So most of the focus Wednesday will be on what the Fed says rather than what it does. In the Federal&nbsp;Open Market Committee&rsquo;s end-of-meeting statement, one key is how Fed policymakers&nbsp;view incoming data on the U.S. economy. My Hutchins Center colleague Don Kohn, the former Fed vice chair who is now a senior fellow in Economic Studies at Brookings, says, &ldquo;I will be paying a lot of attention to the first few paragraphs of the announcement where the FOMC characterizes the incoming data and its outlook for the future. Those are now the ingredients of qualitative guidance. Both unemployment and inflation are closer to the FOMC&rsquo;s objectives than it probably expected. How do they evaluate that progress? Are they more confident about continued progress?&rdquo; Then there&rsquo;ll be the now famous &ldquo;dots,&rdquo; the forecasts that individual Fed policymakers make (before the meeting) for economic growth, unemployment, inflation and interest rates (these are the&nbsp; dots ) over the next three years &ndash; and in the longer run.&nbsp; The FOMC statement gives the consensus, but the individual forecasts reveal, among other things, when each committee member expects the Fed to raise short-term rates and how quickly. The Fed doesn&rsquo;t identify...

WASHINGTON (Reuters) - The head of the International Monetary Fund said on Monday that the U.S. Federal Reserve should move interest rates up only gradually when it finally begins to lift borrowing costs from near-zero.

By VP and Head of Single-Family Sales & Relationship Management Christina Boyle Today's consumers persistently overestimate the size of a down payment they need to finance a home. Just how deep-rooted the myth of the large down payment is was made plain in some recent research from Zelman &amp; Associates in New York, which found respondents, on average, believe lenders require equity of 11 to 15 percent. Read More

Make sure you understand the ways that buying a home could have a negative impact on your credit. Read&#160;More The post 5 Ways That Buying a Home Can Hurt Your Credit appeared first on Redfin Real Estate Blog .

Despite the hopes of many the real estate marketplace has not returned to the era of rising prices and expanding home sales. The certainty that once powered real estate sales, the view that real estate was a sure and certain investment, one steady to grow in value, is no longer widespread. To understand what&#8217;s going [&#8230;] The post Real Estate: Why Middle Class Homes Aren&#8217;t Selling appeared first on OurBroker .

ECB Said Likely to Refrain From New Measures for Next Few Months Bloomberg European Central Bank President Mario Draghi&#39;s policies have encouraged investors to bid up European assets from bonds to stocks and avoid cash. Close. European Central Bank President Mario Draghi&#39;s policies have encouraged investors to... Read&nbsp;... and more&nbsp;&raquo;

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